free markets

“The pursuit of self-interest — greed, if you will — benefits everyone,” John Stossel writes in Reason. A free market both balances the economy and “harmonizes the interests of diverse people,” while motivating people to work harder to beat competitors, he says.
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Rigid belief in unfettered free markets brought the world to the verge of economic calamity several years ago, contends Joseph E. Stiglitz in Slate. What is alarming, he says, is that we failed to learn that lesson the first time and still face grave danger.
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